Weekly Performance Review April 26th -30th, 2021

Stocks looked to get back on the plus side on a weekly basis amid a busy economic calendar and the pinnacle of Q1 earnings season.  Optimism was buoyed by continued global economic data that suggested solid 2021 expansion is coming to fruition and a heating up in Q1 earnings season that has thus far seen revenue and earnings beat rates run high.   However, stocks pulled back to finish lower for the week, as the uptick of new COVID-19 cases in key pockets of the world continued to hamper conviction, and after the conclusion of the Fed’s monetary policy meeting offered little new information.   A slew of earnings reports hit the tape, with several Dow components posting upbeat figures, including 3M (MMM),b Caterpillar (CAT) and McDonald’s (MCD), while results from tech heavyweights Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL) and Amazon (AMZN) far exceeded forecasts.

Continue to the full article for insight from our team on the stocks featured this week in our free daily trade alerts.   

04-26-2021_GTLS up 4.96%

Shares in Chart Industries (GTLS), which manufactures cryogenic equipment for industrial gasses such as liquefied natural gas (LNG), are riding the global secular trend toward sustainable energy.

Analysts say the company’s unique portfolio of technologies gives it an edge in a growing industry.  

“In the context of the decarbonization megatrend, Chart is a one-of-a-kind play on the global shift to more gas-centric economies,” writes Raymond James, analyst Pavel Molchanov in a note to clients. “There is upside potential from large liquefied natural gas projects. Notwithstanding the lingering headwinds from the North American energy sector, we reiterate our Outperform [Buy] rating.”

04-26-2021_SNX down 2.71%

Synnex Corp. (SNX) is a provider of IT supply chain services.  It offers a range of distribution, logistics, and integration services to the technology industry. 

A consensus EPS estimate of $1.91 for the current quarter, ending May 31, represents an improvement of 4.4% year-over-year.  Also, SNX surpassed consensus EPS estimates in each of the trailing four quarters.  

04-26-2021_TCS down 9.27%

Best known for its “The Container Store” brand, The Container Store Group Inc (TCS) also markets Swedish Elfa brand shelving solutions to a number of different home goods and home improvement stores around North America.

 With a market cap of $711 million, TCS is in the sweet spot for small-cap stocks.  TCS’ consensus revenue estimate of $222.60 million for the next quarter, ending June 30, represents a 45.8% rise from the prior year period.  The stock is down more than 14% over the past month.  However, it’s up 44% so far this year.  

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04-27-2021_MDB down 7.4%

As companies move their information technology applications to the cloud, developer-loved platform, MongoDB’s (MDB) could be the leading choice to power enterprises of tomorrow. 

Analysts are bullish on MDB, establishing an average price target of $379.06. If MDB were to reach this price, it would have popped by more than 27%.  The highest analyst target price for MDB is $500, while the low is $300.  Of the 16 analysts who have studied the stock, six consider it a Strong Buy, six consider it a Buy, and five consider it a Hold and only one analyst rates the stocks as Underweight, which is the equivalent of a Sell rating.  

04-28-2021_LAZY up 0.69%

Lazydays Holding Inc. (LAZY) is an iconic brand in the RV industry, recognized as the #2 dealership brand in the country.  Since 1976, Lazydays has established a reputation by offering a vast selection of RV brands from the nation’s leading manufacturers, state-of-the-art service facilities, and thousands of accessories and hard-to-find parts. 

RV life is gaining popularity among ‘baby boomers’ and has become a viable retirement option for many among this demographic, who control more than 70% of the disposable income in the U.S.  By 2025 there are expected to be more than 79 million consumers between the ages of 55 – 74.  

04-29-2021_AWAY down 3.86%

The ETFMG Travel Tech ETF (AWAY) is the first ETF to provide access to technology-focused global travel and tourism industry.  The fund is a passively-managed portfolio of companies that, via the internet and internet-connected devices, facilitates travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice.  The fund uses proprietary weighting methodology that weights securities based on market capitalization and average daily value traded.   The Index is reconstituted and rebalanced during its semi-annual review.

04-30-2021_PHM up 0.41%

PulteGroup, Inc. (PHM) is a Georgia-based construction firm.  The company primarily takes up home building ventures by acquiring and developing land for residential purposes. 

Higher demand on the back of lower mortgage rates helped PulteGroup to post better than expected Q1 earnings. 

Ryan Marshall, president and chief executive officer of PulteGroup, highlighted, “The year has gotten off to an outstanding start with strong demand across all of our markets and buyer groups which helped drive a 31% increase in net new orders, including a 49% gain in active-adult sales.” 

Year to date, the stock is up more than 41% and the majority of analysts covering the stock think there is more room to run.   Of 14 analysts offering recommendations for PHM, 9 rate the stock a Buy, 4 rate it Hold and only one analyst has a Sell rating for the stock.  The average price target for PHM shares is $69.85, which represents a 16% gain from its current price.  

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